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Featured Articles Archive - Page 518
Playing It Smart: Is 'buyer beware' something to consider in casinos?10 March 2009 Many solid citizens have been around enough to remember when there was no such thing as consumer protection. "Caveat emptor" (let the buyer beware) was a fact of life. That's been largely reversed. Today, the general populace can have confidence in the integrity of most businesses with whom they trade, and legal recourse exists against vendors who violate implicit as well as explicit public trust...read moreArticles by Howard Stutz
![]() LV Sands President and COO quits10 March 2009 LAS VEGAS, Nevada -- Months of mostly behind-the-scenes feuding at Las Vegas Sands erupted into the open Monday with the gaming company announcing that President and Chief Operating Officer Bill Weidner was no longer with the company he has led for almost 14 years.
Weidner, 63, had been feuding with Las Vegas Sands Chairman and CEO Sheldon Adelson over the company's falling fortunes since the fall...read moreTop-10 first impressions from an AC rookie9 March 2009 You would think that someone working for a gambling Web site would have visited Atlantic City at least once. You would think that someone who went to college three hours away would have visited Atlantic City at least once. You would think that someone who is under the age of 25 and enjoys gambling would have visited Atlantic City at least once...read moreArticles by Howard Stutz
![]() Pinnacle posts fourth-quarter loss9 March 2009 LAS VEGAS, Nevada -- Regional casino operator Pinnacle Entertainment reported a fourth-quarter net loss Friday, but the figure had nothing to do with the company's casino operations.
Despite the challenging economy, Pinnacle's casinos in the South and Midwest increased revenues 18.1 percent in the fourth quarter ended Dec...read moreDeal Me In: Pick the odds against you: 5.26% or 2.7%6 March 2009 Dear Mark: My game of choice is roulette. I like to play certain individual numbers straight up in sections, not sections being the first (from 1-12), the second (from 13-24), and third (from 25-36), but sections grouped together on the wheel itself...read moreArticles by Howard Stutz
![]() Regulators eye another entry for Nevada Black Book6 March 2009 LAS VEGAS, Nevada -- An alleged accomplice of the most recent inductee onto the state's List of Excluded Persons was nominated Thursday to become the 37th entry to the document commonly referred to as the Black Book.
The Gaming Control Board said Michael McNeive, who has a conviction for trying to cheat a Nevada slot machine, should not be allowed to enter a state casino.
The Nevada Gaming Commission will need to confirm McNeive's nomination at a later date.
McNeive has a long criminal record that includes felony convictions in Nevada and Florida...read moreArticles by Howard Stutz
![]() MGM Mirage talks collapse with Deutsche Bank6 March 2009 LAS VEGAS, Nevada -- It's back to square one for MGM Mirage.
After discussions with Deutsche Bank collapsed late Wednesday, the cash-strapped casino operator will have to look elsewhere for the final $1.2 billion in financing needed to complete its $9.1 billion CityCenter development.
The news, coupled with MGM Mirage's announcement Tuesday that it could default on its $7 billion senior secured credit facility and be labeled a "going concern" by its independent accountants, didn't sit well with Wall Street...read more![]() Baseball bettors and fans should enjoy these titles5 March 2009 Baseball books offer the fantasy league enthusiast, trivia buff or bettor an informational edge, and their popularity remains steady year after year. With the 2009 season less than a month away, here are some fresh resources packed with unusual information about players and teams which should whet everyone's appetite:
Always popular, Who's Who in Baseball (360 pages, paperbound, $9.95) is back with its 94th edition, and it contains the lifetime, regular-season and post-season record for 775 players and includes photos with birth dates and nicknames and injury listings along with trade data from Abreu to Zumaya.
Baseball Prospectus 2009, edited by Christina Kahrl and Steve Goldman (628 pages, paperbound, $21.95), examines past performances and tries to project what more than 1,600 players might do this year...read moreArticles by Howard Stutz
![]() Vegas board backs sale of Treasure Island5 March 2009
LAS VEGAS, Nevada -- Phil Ruffin's return to the casino business cleared its first hurdle Wednesday morning.
The Gaming Control Board took 20 minutes to approve Ruffin's $775 million purchase of Treasure Island from MGM Mirage, sending the matter to the Nevada Gaming Commission for a final ruling on March 19...read moreArticles by Howard Stutz
![]() MGM Mirage in talks with lenders4 March 2009 LAS VEGAS, Nevada -- MGM Mirage, the Strip's biggest casino operator and the state's largest private employer, could be facing a bankruptcy filing if it can't renegotiate better repayment terms with its lenders covering some $7 billion in loans.
In a filing Tuesday with the Securities and Exchange Commission, the company that operates 10 Strip hotel-casinos and is building the $9.1 billion CityCenter said it was discussing waivers or amendments with its lenders.
MGM Mirage said it would be in default under its senior secured credit facility if it cannot negotiate a better repayment structure...read more |
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